Wednesday, February 24, 2016

EDPR managed last year 167 million euros profit – TSF Online

The increase in net income was 13% compared to 2014.

EDP Renewables posted a net profit of 167 million euros last year, over 41 million more than in 2014, thanks mainly to an average increase in sales, announced Wednesday the company.

statement with the Securities Market Commission (CMVM), EDP Renováveis ​​states that, in adjusted terms, the increase in their net profit was 13%.

the company presented in 2015, a result operating (EBIT) of 578 million euros, representing an improvement of 37% over the previous year.

the earnings growth is explained by EDP Renováveis ​​with an average sales increase of 9% in 2015 and obtained a total of 1.5 billion euros in revenue, ie 21% more than in 2014.

last year, EBITDA (earnings before interest, taxes, depreciation and amortization) totaled 1.1 billion euros, the company recorded 26% more than in 2014, and has also been a growth of 35% in operating costs, which amounted to 566.3 million euros.

Portugal is the country where the company led by Manso Neto got better operating results, reaching 234.3 million euros, more than double that achieved in Spain (116.8 million).

the operation total Europe surrendered to the EDP Renováveis ​​an operating profit of 400.8 million euros.

at the end of last year, the company managed 9.6 GW spread over 10 countries.

EDP Renováveis, which will make a presentation of its annual results today at 15:00 via telephone conference, said that the board of directors will propose a distribution of € 44 million in dividends, ie 0.05 euros per action.

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